Connectivity software drew the most VC funding in '02

SteveGelsi

Connectivity and communications software firms drew the biggest chunk of first-round venture capital financing in 2002, according to a survey by Ernst & Young and VentureOne. The category accounted for 54 companies, or 11 percent, of the total first-round financing payments. Business applications software comprised 37 companies in the survey. Overall, software accounted for about 33 percent in all new venture investments. Healthcare was a close second with 29 percent of the first-round deals.

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